Hello guys! This is my outlook trading idea on EURUSD first lets take a look on COT report. The Commitment Of Traders. As you see , They added additional +4,700 Long, and +130 Short. Lastweek they pullout -10k long and added +9k short. In COT perspective the market is trying to push to re-test the 1.13900 ~ 1.14000 to get more Liquidity to Sell their Long Positions and ADD their Shorts.
Remarks: How do we approach this market?
We have two options;
1) If you have already opened your short trade, I suggest you to opened a Long position on the same lot size to locked your underlying asset.
2) Ride the Market until the Price touched the resistance level. then closed the (Long) trade on the resistance level and open a new order (Short)
REACTIVEFX
Remarks: How do we approach this market?
We have two options;
1) If you have already opened your short trade, I suggest you to opened a Long position on the same lot size to locked your underlying asset.
2) Ride the Market until the Price touched the resistance level. then closed the (Long) trade on the resistance level and open a new order (Short)
REACTIVEFX
